Ethereum’s price struggled to recover above the $3,650 resistance level, signaling bearish signs for the cryptocurrency. Despite an initial attempt to rally, ETH failed to gain momentum and settled below the key resistance level. Following the failed recovery, Ethereum experienced a fresh decline below the $3,550 support zone. The price is now trading below $3,550
Ethereum
Ethereum faced a major setback as it failed to break through the $3,720 resistance level. This led to a downward trend, pushing the price below $3,650 and the 100-hourly Simple Moving Average. The inability to surpass key resistance levels has put ETH at risk of further losses, potentially dropping below the $3,550 support zone. ETH
The recent surge in Ethereum (ETH) price, nearing the $4,000 mark, has sparked renewed market enthusiasm and inflows into the cryptocurrency space. This positive momentum follows the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have seen a
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement. The price of ETH has fallen below the 4-hour Simple Moving Average (SMA), indicating a potential shift in market sentiment from bullish to bearish. This development is crucial for traders and investors as it could signal increased selling pressure and
Recently, Ethereum price experienced a downside correction starting from the $3,885 resistance zone. This correction has caused ETH to drop below $3,800 and there is a possibility that it might continue to slide towards $3,720. Ethereum faced a pullback after failing to clear the $3,880 resistance level. Currently, the price is below $3,840 and also
VanEck, a prominent asset manager, recently revised its prediction for the price of Ethereum (ETH) by the year 2030. The firm now believes that Ethereum could potentially reach $22,000 by the end of the decade, a significant increase from their previous prediction of $11,800. This upward revision is based on several factors that VanEck has
The latest data reveals a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. This reduction indicates that the top crypto tokens in terms of market capitalization could be on the verge of experiencing substantial upward movements, with a supply squeeze looming. Analyst Leon Waidmann from BTC ECHO shared Glassnode data
The recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has sparked a flurry of activity among prospective issuers. Many asset managers have filed amended versions of their S-1 forms following the initial directive from the commission. One of the most significant developments in this space is the revelation
The surge in Ethereum whale activity in recent months has been a topic of significant interest in the cryptocurrency community. With on-chain data pointing to a substantial increase in holdings by wallets containing at least 10,000 ETH over the past 14 months, it is clear that the Goliaths of the crypto world are flexing their
Ethereum (ETH) is currently experiencing a notable surge in the market, with technical analysis pointing towards a significant breakout. Analyst Jelle has identified a key pattern shift for Ethereum, breaking out from a “falling wedge” and establishing support zones at key resistance levels. This movement has propelled Ethereum towards the $4,000 mark, indicating a potential
